Top 15 Hardware VC Funds & Investors in Latvia (May 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
ZGI Capital
VC Fund
|
4 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting | $54k–$959k |
|
FlyCap
VC Fund
|
4 | Latvia, Estonia, The Netherlands | Seed, Debt Financing | Health Care, Consumer Goods, Medical | $54k–$2.8M |
|
Base Ventures
VC Fund
|
2 | United States, Canada, Latvia | Seed, Series A | Software, Mobile, E-Commerce | $100k–$12M |
|
Carthona Capital
VC Fund
|
1 | Australia, United States, Latvia | Seed, Series A, Series B | Software, Financial Services, Artificial Intelligence | $321k–$59M |
|
Wistron Corporation
VC Fund
|
1 | Taiwan, United States, Hong Kong | Seed, Series B, Series A | Artificial Intelligence, Software, Machine Learning | $500k–$18M |
|
pirate equity
VC Fund
|
1 | Latvia, Poland, Lithuania | Convertible Note | Apps, Blockchain, Unified Communications | |
|
Taver Capital Partners
VC Fund
|
1 | United States, India, Latvia | Seed, Series A | Artificial Intelligence, Machine Learning, Software | $1M–$6M |
|
Seraph Group
VC Fund
|
1 | United States, Latvia, Taiwan | Seed, Series A, Series B | Software, Health Care, Analytics | $600k–$20M |
|
IT-Farm
VC Fund
|
1 | United States, Japan, Germany | Seed, Series A | Software, Health Care, Information Technology | $1.8M–$9.6M |
|
ZenStone Venture Capital
VC Fund
|
1 | United States, Brazil, Canada | Series A, Seed, Series B | FinTech, Real Estate, Financial Services | $500k–$35M |
|
The Untitled Venture Company
VC Fund
|
1 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Convertible Note | SaaS, Software, Information Technology | $100k–$1M |
|
Visionplus
VC Fund
|
1 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet | $75k–$1.1M |
|
Angelsdeck Global Ventures
VC Fund
|
1 | United States, Russian Federation, United Kingdom | Seed, Angel, Pre-Seed | Mobile Apps, Software, Education | $80k–$2.4M |
|
EIT Digital
VC Fund
|
1 | Italy, Spain, France | Grant, Seed, Pre-Seed | Software, Information Technology, Health Care | $5k–$320k |
|
NuVX Capital
VC Fund
|
1 | Russian Federation, United States, Malta | Seed, Pre-Seed | Machine Learning, Artificial Intelligence, Software | |
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ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.
Show more...Investment focus
- Industry: Manufacturing, Machinery Manufacturing, Consulting
- Stage:Seed, Debt Financing
- Geography: Latvia, Estonia
Investor stats
- Total investments: 25
- Round size: Seed $54k–$875k; Debt Financing $107k–$959k
- Lead/follow: 92% lead, 8% follow
- Last fund: May invest from a new fund soon — last raise in 2017
Portfolio highlights
- eAgronom — eAgronom helps farmers generate additional revenue streams, improve soil quality, and access better financing.
- KOOL Latvija — "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.
- Bioreactors.net — Biotechnical center is an innovative company and we provide solutions for industrial biotechnology processes, bioreactor manufacturing and industrial automation. We manufacture bioreactors for laboratory, pilot and industrial scale.
FlyCap AIF is a Venture Capital Fund of total size of 15.75 MEUR. The Fund provides growth capital for Latvia based SME’s in a form of investments in equity and mezzanine capital.
Show more...Investment focus
- Industry: Health Care, Consumer Goods, Medical
- Stage:Seed, Debt Financing
- Geography: Latvia, Estonia, The Netherlands
Investor stats
- Total investments: 29
- Round size: Seed $54k–$2.8M
- Lead/follow: 38% lead, 62% follow
- Last fund: May invest from a new fund soon — raised $17M in 2013
Portfolio highlights
- Tapcore — Tapcore is the only solution on the market that enables mobile developers to monetize pirated copies of their apps through advertising. Established in 2015, we are a remote company with headquarters in the Netherlands. Currently we serve over 150 million ad requests daily (and counting!).
- Purified — Purified is a nutritional supplement supplier.. It offers black chocolate produced by the best doctors in collaboration with scientists.
- Elmo — In our car sharing business Elmo Rent we wanted to serve maximum customers with minimum resources, so we created remote control technology to deliver vehicles.
We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.
Show more...Investment focus
- Industry: Software, Mobile, E-Commerce
- Stage:Seed, Series A
- Geography: United States, Canada, Latvia
Investor stats
- Total investments: 109
- Round size: Seed $100k–$6.7M; Series A $150k–$12M
- Lead/follow: 6% lead, 94% follow
- Last fund: May invest from a new fund soon — last raise in 2021
Portfolio highlights
- Mansa — Built by Black creators with a passion for making culture-positive content, Mansa is the only place to stream the best in Global Black stories
- Bootup — Bootup creates a marketplace for tech talent. Bootup's goal is to build tools to help bridge the gap between those looking for economic upward mobility and technology companies looking for strategies to solve for the impending talent crisis. We are excited to support all of the individuals looking to break into tech, the educators fuelingtheir growth, and the enterprises who power the industry.
- Parade — Parade capacity management helps freight brokerages and 3PLs automate more of the booking process than ever before.
Carthona Capital is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia that invests globally.
Show more...Investment focus
- Industry: Software, Financial Services, Artificial Intelligence
- Stage:Seed, Series A, Series B
- Geography: Australia, United States, Latvia
Investor stats
- Total investments: 89
- Round size: Seed $321k–$3M; Series A $2.2M–$16M; Series B $7M–$59M
- Lead/follow: 42% lead, 58% follow
- Last fund: Likely still investing — fund raised in 2022
Portfolio highlights
- Josef — Automate lawyer-client conversations, document drafting and providing legal services. Josef is a software platform with a chatbot interface.
- Pathzero — Pathzero's carbon management platform enables any business to start disclosing corporate carbon emissions and the actions being taken to address them.
- SafeStack — SafeStack Academy is the New Zealand online cyber security, privacy and secure development training company.
Wistron Corporation, an original design manufacturer, provides a range of design, manufacturing, and after-sales service support functions for information and communication technology products worldwide. The company's product portfolio covers various technology products, including notebook personal computers (PCs), mobile communicationproducts, servers and storage systems, networking products, desktop PCs, LCD TVs, information appliances, game consoles, and other consumer electronics. Its after-sales services include product replacement, repair and support, and product support solutions, both for products it manufactures and for products produced by other manufacturers. The company sells its products to various vendors who distribute these products under their own brands. Wistron Corporation was founded in 2001 and is headquartered in Taipei, Taiwan.
Show more...Investment focus
- Industry: Artificial Intelligence, Software, Machine Learning
- Stage:Seed, Series B, Series A
- Geography: Taiwan, United States, Hong Kong
Investor stats
- Total investments: 23
- Round size: Seed $500k–$7M; Series A $4.3M–$6.6M; Series B $3M–$18M
- Lead/follow: 57% lead, 43% follow
Portfolio highlights
- Aiello — Our AI Assistant, specially created for the hotel industry, uses voice and Machine learning base NLP technology to create new interactions with guests and provide enhanced services. With data-driven back-end services, our assistant provides valuable insights for hotels to better understand their guests and streamline their operations.
- NEUCHIPS — NEUCHIPS is an AI ASIC solution that provides deep learning inference accelerators to deliver the lowest TCO for data centers. Their management and R&D team has decades of experience from leading semiconductor companies and hold patents in signal processing, neural networks, and circuit design.NEUCHIPS is a founding member of MLCommons andone of the founding members of the OCP community.
- Princeton NuEnergy — Princeton NuEnergy is a clean-tech startup focused on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Its patented Direct Battery Recycling technology to produce high-quality and high value-added cathode active materials with low operating cost from spent lithium-ion batteries and delivers sustainableenergy and environmental solutions.
Micro VC developed to help investors explore new markets and sectors.
Show more...Investment focus
- Industry: Apps, Blockchain, Unified Communications
- Stage:Convertible Note
- Geography: Latvia, Poland, Lithuania
Investor stats
- Total investments: 3
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
- LiveCall — LiveCall is the #1 inbound sales calls platform.Most businesses are losing ~50% of potential inbound calls. LiveCall fixes the conversion gap in 'last mile marketing' for businesses using calls.Typical results with LiveCall are 30-120% more sales calls - without increasing your traffic. What's more, you see this within 7 days.Loved by businesses across industries - travel, insurance, finance, travel, automotive, utilities and many more.
- H-Finance — H-Finance offers infrastructure and compliance that enables other financial institutions and fintechs to work with digital assets. We enable other institutions to integrate cryptocurrency buying, selling and holding features into their own applications. Our turnkey solution includes: legal setup, compliance, working capital, and easy to integrateAPI.
Taver Capital is a venture fund that invests in early stage artificial intelligence companies from around the world.
Show more...Investment focus
- Industry: Artificial Intelligence, Machine Learning, Software
- Stage:Seed, Series A
- Geography: United States, India, Latvia
Investor stats
- Total investments: 26
- Round size: Seed $1M–$3.5M; Series A $1M–$6M
- Lead/follow: 23% lead, 77% follow
Portfolio highlights
- CureSkin — Get free AI analysis and dermatologist-prescribed regimens to treat your skin & hair concerns. Holistic, safe & 100% effective. Learn more.
- Regology — Regology is the leading generative AI-powered Regulatory Intelligence Platform. We help compliance teams in all industries automate regulatory change management and compliance.
- iFarm — Technologies to grow fresh vegetables, berries and greens
Seraph Group invests and shares exclusive, early-stage investment opportunities.
Show more...Investment focus
- Industry: Software, Health Care, Analytics
- Stage:Seed, Series A, Series B
- Geography: United States, Latvia, Taiwan
Investor stats
- Total investments: 61
- Round size: Seed $600k–$3.2M; Series A $1.6M–$12M; Series B $2.7M–$20M
- Lead/follow: 13% lead, 87% follow
- Last fund: May invest from a new fund soon — raised $3.6M in 2014
Portfolio highlights
- Natilus — Natilus is a large scale drone manufacturing company. The company specializes in the manufacturing of Boeing 747 sized drones which provides inter-continental cargo delivery services and helps in reducing air freight costs. Natilus was founded by LZ Zhang, Anatoly Starikov and Aleksey Matyushev in 2016.First flight of their 2200 lbs / 30 ftdrone is scheduled for Summer 2018. At the end of 2018, Natilus completed a flight test of their 2200 lbs prototype.The first production vehicle scheduled for 2020 customer delivery underwent wind tunnel testing in April, 2019. Natilus currently holds an aircraft order book rumored to be in excess of $1B+.
- Autio — HearHere is a travel audio app that shares the depth and diversity of stories - cultural, geographical, historical, and mythological.
- IMTC — IMTC's investment management technology simplifies fixed income portfolio management & optimization for better, faster decisions. Learn more.
IT-Farm is a venture capital firm which specializes in seed, start-up, and early stage companies. It primarily invests in mobile, big-data, connected car, IoT, OTT service, Helth care, Bio Tech and other IT industries. The firm actively invests in SF bay area and Japan, as well as other geometries including Asia and Europe. We support portfoliocompanies, especially on the partnership with Japanese enterprises.
Show more...Investment focus
- Industry: Software, Health Care, Information Technology
- Stage:Seed, Series A
- Geography: United States, Japan, Germany
Investor stats
- Total investments: 102
- Round size: Seed $2M–$7.3M; Series A $1.8M–$9.6M
- Lead/follow: 11% lead, 89% follow
- Last fund: Likely still investing — fund raised in 2021
Portfolio highlights
- Finviet — Finviet operates a fintech platform with the goal of becoming a trustworthy and efficient financial technology company. The platform of the company specializes in financial services, telecommunication services, e-wallets and payment gateways, banking services, and agent banking.
- Cogsmart — Cogsmart provides services for brain function research and development. In hopes of helping prevent dementia and maintain and improve other cognitive functions, they manufacture and sell software for medical and healthcare devices.
- ImageBiopsy Lab — AI-driven software applications that enable orthopedists and radiologists to assess and predict bone health. A new dimension of MSK imaging diagnostics.
Introduction of the investment thesis of ZenStone Venture Capital: Investing in passionate founders with extraordinatry vision and execution at post seed and early venture stages.
Show more...Investment focus
- Industry: FinTech, Real Estate, Financial Services
- Stage:Series A, Seed, Series B
- Geography: United States, Brazil, Canada
Investor stats
- Total investments: 41
- Round size: Seed $500k–$2.9M; Series A $3M–$22M; Series B $3M–$35M
- Lead/follow: 7% lead, 93% follow
Portfolio highlights
- Bolt — Bolt makes Ecommerce better with One-Click Checkout and CheckoutOS. See how Bolt checkout boosts your sales today.
- EquityZen — EquityZen's mission is to improve the way startup employees are paid by unlocking the value of their equity compensation in a way that benefits all key players: the shareholder, the company, and the investor.
- DecorMatters — Discover home decor ideas and interior design inspiration. Shop your favorite furniture stores and socialize with other interior designers.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!the Untitled Ventures is an early growth stage fund specializing in deep tech from Eastern Europe. Find out how we develop innovative startups into international businesses.
Show more...Investment focus
- Industry: SaaS, Software, Information Technology
- Stage:Seed, Pre-Seed, Convertible Note
- Geography: United States, Russian Federation, Latvia
Investor stats
- Total investments: 20
- Round size: Seed $125k–$1M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
- Lead/follow: 35% lead, 65% follow
- Last fund: Likely still investing — raised $100M in 2021
Portfolio highlights
- Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
- Sportrecs — Distributor of Highlights to Media
- Wizart — Wizart Home Visualizer helps customers all over the world to choose and visualize finishing materials. Digital tools that boost your sales of finishing materials online and help your clients make decisions quickly
WE HELP YOU TO GROW FASTER!
Show more...Investment focus
- Industry: Software, Information Technology, Internet
- Stage:Seed, Series A
- Geography: Finland, United States, United Kingdom
Investor stats
- Total investments: 74
- Round size: Seed $75k–$1.1M
- Lead/follow: 16% lead, 84% follow
Portfolio highlights
- Pebble — Pebble is a electric vehicle manufacturing startup.
- Transfluent — Professional translations for all business needs. Fast. Easy.
- BetterDoctor — BetterDoctor helps validate and deliver accurate provider data to health plans, health systems, and hundreds of other companies via its API — from startups to publicly traded ones. This ultimately helps achieve the mission of helping consumers find the healthcare they need.Today, BetterDoctor's data platform and APIs power 9 health plans,350 companies, 1,500 developers, helping millions of people find the right doctor each month. Health Plans BetterDoctor uses multi-modal outreach to drive providers to attest their information on BetterDoctor's online portal. API PartnersBetterDoctor brings transparency to doctor data. Their real-time platform, master database and API services enable everyone to add doctor data to their systems, websites and applications. Today, BetterDoctor API and data tools power health insurance companies, healthcare startups and doctor search tools. https://betterdoctor.com/developers
AngelsDeck Global Ventures. Joint investments and exclusive community.AngelsDeck was created:01 For comfortable and mutually beneficial communication among its members, who share venture capital and self-development values. 02 For priority access to venture capital deals with a recommendation from trusted syndicators.03 By and forinvestors who have an impeccable business reputation and capital transparency.Our Values:* Expertise * We are proud of our members' combined expertise. We create and maintain an environment where all members can conveniently and comfortably share their valuable knowledge.* Exclusivity * In the venture capital market, there is a lot of competition among investors for promising projects. We showcase exclusive deals that are not on the surface.* Syndication * We have created a marketplace where experienced syndicate investors can compete for members' attention by the quality of their deals. Everyone can try the role of a syndicator.* Communication * "As a fish needs water, an investor needs a network," and we have created an exclusive club with a unique atmosphere of online and offline communication between members of equal enthusiasm, aspiration, and motivation.
Show more...Investment focus
- Industry: Mobile Apps, Software, Education
- Stage:Seed, Angel, Pre-Seed
- Geography: United States, Russian Federation, United Kingdom
Investor stats
- Total investments: 36
- Round size: Seed $174k–$2.4M; Angel $80k–$895k; Pre-Seed $200k–$300k
- Lead/follow: 14% lead, 86% follow
- Last fund: Likely still investing — fund raised in 2021
Portfolio highlights
- Exely — Exely is an AI-based beauty startup.
- YallaMarket — YallaMarket / Fast grocery delivery from 15 minutes
- Upshift — The convenience of owning a car without all the headaches.
EIT Digital is a leading European open innovation organisation. Our mission is to foster digital technology innovation and entrepreneurial talent for economic growth and quality of life in Europe. We bring together entrepreneurs from a partnership of over 130 top European corporations, SMEs, start-ups, universities and research institutes.EITDigital invests in strategic areas to accelerate the market uptake of research-based digital technologies and to bring entrepreneurial talent and leadership to Europe. Our innovation and education activities are organised in and around our co-location centres, where students, researchers, engineers, business developers and entrepreneurs come together to drive the digitalisation of society.EIT Digital is a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT). Since 2010, EIT Digital is consistently mobilising talents, ideas, technologies, investments and business across Europe and beyond to stimulate disruptive digital innovation. The headquarter is in Brussels with co-location centres in Berlin, Eindhoven, London, Helsinki, Paris, Stockholm, Trento, as well as in Budapest and Madrid.The Strategic Innovation Agenda 2014-2016 "Blended Life in a Connected World" is available for download in the Publications section.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Grant, Seed, Pre-Seed
- Geography: Italy, Spain, France
Investor stats
- Total investments: 12
- Round size: Grant $39k–$268k; Pre-Seed $5k–$320k
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Restimo — Restimo develops a system that enables customers to pay for their own meals in restaurants.
- W•SENSE — W•SENSE is a telecommunications company that specializes in underwater monitoring and communication systems based on IoUT solutions.
- Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
Company’s strategy is to assemble a diversified portfolio of investments in leading deep tech technology companies.
Show more...Investment focus
- Industry: Machine Learning, Artificial Intelligence, Software
- Stage:Seed, Pre-Seed
- Geography: Russian Federation, United States, Malta
Investor stats
- Total investments: 11
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- Imot.io — Boost your Sales team with AI-powered Quality Assurance
- Neatsy.ai — The world's 1st app that helps orthopedists to monitor patients online.
- Proaction.pro — Proaction testing system was developed based on the experience of domestic HR experts in banking, telecommunications, commercial, construction and other industries.
Hardware VC funding in Latvia at a glance
Stats across 8 deals from 5 investors.
Access all 5 VC funds in Latvia Hardware startups.
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